On February 9, 2022, the Hong Kong International Arbitration
Centre ("HKIAC") released its annual statistics for 2021.
The statistics suggest that HKIAC, while not as busy as it was
during the record-breaking year 2020, continued to prosper as a
popular venue for cross-border disputes.
In 2021, HKIAC's caseload slightly decreased. A total of 277
arbitrations were submitted to HKIAC, 183 of which were
administered by HKIAC, down from 318 and 203, respectively, in
2020. The total amount in dispute across all arbitrations also
dropped from HKD 68.8 billion (approximately USD 8.8 billion) in
2020 to HKD 54.6 billion (approximately USD 7 billion) in 2021.
Although HKIAC's caseload was lower in 2021 than in 2020,
most arbitrations submitted to HKIAC continued to be international
in nature. In 81.6% of all arbitrations submitted to HKIAC in 2021,
at least one party was from outside Hong Kong, and in 7.6% of all
arbitrations submitted, no Asian party was involved. Parties
